Does Chase do home improvement loans? This question is about Chase

Does Chase do home improvement loans?

This question is about Chase

Rick Bormin, Personal Loans Moderator

@rhandoo2020 • 10/08/21 This answer was first published on 10/08/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, Chase does not offer home improvement loans. Chase currently does not offer any type of personal loans, so there is no way to pay for expenses such as remodeling a kitchen, finishing a basement, or other types of projects with an unsecured loan from Chase.

However, Chase does let you pay for home improvement expenses with a home equity line of credit, mortgage refinance with cash out, or credit cards. Depending on your situation, these may work better than a debt consolidation loan.

In addition, even though you can't get a personal loan for home improvements from Chase, you can get one from plenty of other loan providers. You can check out WalletHub's editors' picks for the best home improvement loans to find some offers worth considering.

What's the minimum credit score for a home improvement loan?

The minimum credit score for a home improvement loan is 660 for most lenders. While lenders typically don’t offer “home improvement loans” in particular, they offer personal loans that can be used for almost any purpose, including home improvements. And most personal loan providers require a credit score of 660+. That’s not too difficult to attain, either – it’s within the fair credit range and below the average American’s credit score.

However, not all lenders look for...

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How does a home improvement loan work?

Home improvement loans give homeowners the funds needed to complete projects related to maintaining or increasing the value of a home and the surrounding property, such as remodeling a room, putting on a home addition, or replacing a roof. Although they have a unique purpose, loans for home improvement function just like most other loans. The borrower receives a lump sum of money and must pay it back, along with interest, over a certain number...

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How can you get home improvement loans with no equity?

There are plenty of home improvement loans with no equity needed. Only home equity loans and home equity lines of credit require the borrower to use the equity in their home. The best way to get a home improvement loan with no equity is by applying for an unsecured personal loan. Personal loans base eligibility on your credit and income, so you don’t need to own property worth a certain amount of money to take...

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